AerCap Delivers A320NEO on Lease to Spirit Airlines

AerCap Holdings N.V. (“AerCap”) (NYSE: AER) has announced the delivery of an Airbus A320neo on lease to Spirit Airlines, making the airline the first U.S. airline to receive the aircraft type. This is the first of 5 A320neo aircraft to deliver to Spirit Airlines by AerCap, with a further 4 A320neo aircraft on order, expected to deliver through 2016.

AerCap has one of the largest Airbus A320neo Family portfolios with a total of 2 owned and 217 on order aircraft, delivering through 2021.

AerCap Senior Vice President & Head of Americas Sean Sullivan said, “We are delighted to deliver our first A320neo aircraft on lease to longstanding customer, Spirit Airlines, and particularly pleased to be the first to deliver the aircraft type to a U.S. airline. The A320neo aircraft is one of the most in-demand single aisle aircraft in the world, incorporating the latest technologies and the most fuel efficient engines. We look forward to continuing our successful relationship with our friends and partners at Spirit Airlines as the airline continues to enhance its fleet.”

“This state-of-the-art technology will burn less fuel and lower our operational costs,” said Ted Christie, Spirit Airlines Chief Financial Officer. “We continue to lead the industry in both reducing our carbon footprint and providing ultra-low fares on air travel. Spirit is thrilled to be the first carrier to bring this innovation to the U.S.”